22
Oct
Chamwe Kaira Finance minister Ericah Shafudah has cautioned that if Namibia does not fix its current spending and debt path, the country’s financial stability measures could be badly affected. She presented the 2025/26 mid-year budget review in Parliament on Tuesday, maintaining the total budget at N$89.4 billion despite slower growth and fiscal pressure. “The baseline scenario, if left unattended, is highly undesirable and will lead to a serious deterioration of key fiscal anchors,” Shafudah said. “Urgent actions under economic policy measures and expenditure restraint in the medium term will create a more viable and manageable fiscal path.” She said by…
